Sales have almost doubled since last year and there is no sign of the market slowing down.
2014 has been a record breaking year in all aspects for the Impression sales team. Since this time last year we have gained five extra staff, bringing us to a total of eight. Sales have almost doubled since last year and there is no sign of the market slowing down.
We have seen a huge increase in buyer enquiry this year, with apartments being much more affordable than your average house, and city apartment living is on the rise. Many overseas investors, especially Chinese, are choosing to purchase Auckland apartments due to strict capital control rules in their own countries. This has recently resulted in some record prices in some of our favourite buildings.
LVR restrictions have not been very relevant to apartments, but size is still an issue for the banks lending on apartments. The council has put in place some guidelines for apartments and we are seeing new developments take into account the bedroom to size ratio, which may help for borrowing in the future.
We would like to thank all our owners and buyers for working with us throughout 2014 - it has been great keeping in touch with you all, whether you are selling or not! Please always feel free to contact our sales team for any advice.
We are looking forward to an even more successful 2015!